Interview with Michael Oleary is coming. Good morning. Also happy friday. It has been a long week. This is what your markets are doing and a lot of folks about what we heard from a we heard about will we heard from the European Central bank. We continue our earnings outlook. Was tech yesterday companies. This is what i am looking at, dollars up. U. S. Futures are down. Treasuries advancing. If you look at trading, holidays across many major markets. Gdpecb coming out with calls saying it could be it could rebound. Of course, this year that gdp could shrink between 5 and 12 . Year will be next a lot better. We will have the more forecast. Figureseuro area gdp being published. We will delve deeper country by country and give you an update. Lets get to new york city with the first word news. Viviana we begin with the u. S. Federal reserve expanding the scope of its main Street Lending program. Businesses with up to 15,000 employees will be eligible. Expandingl bank is its paycheck protect
Alphabet. We will have details. Wework went from one of the most anticipated ipos to a floundering Coworking Company just trying to survive. We will look at what it faces in the new year. But first, our top story. Bloomberg was the first to report the iphone maker has a secret team working on a satellite technology, striving to find new ways to beam data directly to its devices. This is all according to people familiar with the matter. The company has about a dozen engineers from the aerospace satellite, and antenna Design Industries working on the project with the goal of deploying their results within five years. For more, i want to bring in bloomberg technologys mark gurman. What do we know so far . It is topsecret. It is operating like a startup in apple. It has the right funding. It has the ear of tim cook. It has a bunch of Aerospace Engineers and executives working on a plan to let iphones and other apple devices receive their data directly from apple developed antenna towers, s
Theyve known it for months they also know the senate will acquit and there is virtually 0 chance that the president will be removed from office and so the markets again have not responded to the negative way they havent really responded at all look at that and while politicians might lie. Numbers do not exactly and this is exactly what happened last friday when the parallel trader on trade deal was announced everybody expected the market to react as he said like i love the word political theater because thats what exactly what it is just like before us trade theater thats right we know we know what the outcome is going to be today theres not going to be any surprise and we know what the outcome will be one of the ultimate moves of the senate so the markets as youve said have already priced all of this and have a not exactly so its i actually dont understand why we have so much coverage when really its going to be a moot point all of this is just going to be thrown out ultimately thats
Said like i love the word to use political theater because thats what exactly what it is just like before us trade theater thats right we know we know what the outcome is going to be today theres not going to be any surprise and we know what the outcome will be one of the ultimate moves of the senate so the markets as youve said have already priced all of this and have a not exactly so its i actually dont understand why we have so much coverage when really its going to be a moot point all of this is just going to be thrown out ultimately thats where it goes so again we know that even as they debate this will ultimately by thursday will have an impeachment and it will go anywhere from there not really market moving is that right. French government and unions are facing up wednesday over the highly controversial Pension Reforms we are now 14 days into a crippling transport strike that has left businesses damaged and commuters frustrated massive numbers of protesters took to the streets a
Security firm proofpoint. And 2019 ushered in some of the biggest tech ipos ever, as pinterest, peloton, uber, and lyft all went public. Wework, however, stumbled to debut. We will have a recap of it all. First, to our top story. Tesla shares set a new record high and reached that infamous 420 mark. You will remember 420 was the price ceo elon musk claimed tesla would go private at last year. Earlier today, musk tweeted, woah, the stock price is so high. Lol. Joining us to discuss is our Bloomberg News reporter, ed ludlow. Another day, another record high. What is driving it for tesla this time around . Reporter the momentum is all about china, taylor. Overnight, tesla secured 1. 4 billion in financing from local banks and much welcomed cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month high. Youll remember those vehicles are subject to a 25 import duty. The logic follows that if tesla get the plant can s